Startup India

Understanding the concept of Start-up Valuation

CA, CS, CMA - With the world becoming tech savvy a lot of ideas have popped up into the human mind giving birth to a new word in the business sector 'Start-up'.  Start-up is basically a new company on the very beginning stage of its operations and are often initially financed by the entrepreneurs behind the idea....

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Date of incorporation extension for start up for section 80-IAC exemption

CA, CS, CMA - Proposed Extension of date of incorporation for eligible start up for exemption and for investment in eligible start-up under Finance Bill 2021 The existing provisions of the section 80-IAC of the Act, inter alia, provides for a deduction of an amount equal to hundred percent of the profits and gains derived from an eligible business [&he...

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Startup India Scheme – Registration & Benefits

CA, CS, CMA - A startup is a young entity founded by one or more entrepreneurs to offer a unique product or service. The entity either develops a new product/service or offers the current product/service in a different manner....

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How to claim Section 80IAC Exemption under Income Tax Act, 1961

CA, CS, CMA - Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovat...

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Benefits of Startup Registration

CA, CS, CMA - All you need to know about benefits of Startup Registration A startup is a new business setup that is small in nature and initiated by a single or a group of individuals. It makes the startup different from other businesses. A startup presents a new product or service that is not available at some other […]...

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Analysis and Evaluation of Indian Start-ups in Non-metropolitan Areas and Selected Metropolitan Areas – An Untold Story

CA, CS, CMA - The main contribution of the Research Report on 'Analysis and evaluation of Indian Start-ups in non-metropolitan areas and selected metropolitan areas-an untold story' is to throw light on the reasons of success and failure of Start-ups in non-metropolitan and selected metropolitan areas. The report also indicates the thrust area of Start...

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Startup India Seed Fund Scheme

CA, CS, CMA - Ministry of Commerce & Industry Startup India Seed Fund Scheme Posted On: 05 FEB 2021 3:07PM by PIB Delhi Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to [&hellip...

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Budget 2021-22 will boost Start-ups in country

CA, CS, CMA - Budget 2021 incentivizes the incorporation of One Person Companies (OPCs) by amending the Companies (Incorporation) Rules to allow OPCs to grow without any restrictions on paid up capital and turnover, allowing their conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC ...

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Nomination of members to National Startup Advisory Council

CA, CS, CMA - The Central Government has now decided to nominate the non-official members on the National Startup Advisory Council representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing interest of investors into startups, persons capable of repre...

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Futuristic vision combined with decisiveness provided India with a solid Startup ecosystem

CA, CS, CMA - Union commerce and Industry Minister Shri Piyush Goyal today said that Futuristic vision combined with decisiveness has provided India with a solid Startup ecosystem. At the inauguration of 1st Shanghai Cooperation Organisation (SCO) Startup Forum, he said that Youth is our wealth, and in these times of vulnerability & uncertainty, they h...

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TP- operating cost should be calculated by adjusting abnormal cost incurred on account of Start-up Company

HCL Technologies BPO Services Ltd Vs ACIT (ITAT Delhi) - In the case of HCL Technologies BPO Services Ltd vs. ACIT, ITAT has held that for transfer pricing only amount retained by associates from end user is to be taken into account for transfer pricing adjustment, and to adjust operating cost by excluding abnormal cost incurred on a/c of Startup Company ...

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Fast track mergers extended to Starts ups & other small companies

Notification No. G.S.R. 93(E) - (01/02/2021) - (1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette....

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Startup India Seed Fund Scheme (SISFS) – Eligibility Criteria

Notification No. S.O. 414 (E). - (21/01/2021) - Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. SISFS shall provide financial assistance to startups via corpus of Rs. 945 Cro...

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Fall in collection of direct taxes is on expected lines: CBDT

NA - (07/06/2020) - There are reports in a certain section of media that the growth of direct taxes collection for the FY 2019-20 has fallen drastically and buoyancy of the direct tax collection as compared to the GDP growth has reached negative. These reports do not portray the correct picture regarding the growth of ...

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CBDT prescribes time-frame for handling grievances of Startups

F. No. 173/149/2019-ITA-I - (23/09/2019) - Grievances of Startups should be handled within the following time-frame:- i) In case of any grievance, the preliminary Action Taken Report is to be submitted to this office by the next day i.e. within one working day of calling of report by this office....

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Consolidated circular for Income Tax assessment of Startups

Circular No. 22/2019-Income Tax - (30/08/2019) - In case of Startup companies recognized by Department for Promotion of Industry and Internal Trade (DPIIT) which have filed Form No. 2 and whose cases are under limited scrutiny on the single issue of applicability of section 56(2)(viib) of the Income-tax Act, 1961 (the Act),the contention of the as...

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Recent Posts in "Startup India"

Analysis and Evaluation of Indian Start-ups in Non-metropolitan Areas and Selected Metropolitan Areas – An Untold Story

The main contribution of the Research Report on 'Analysis and evaluation of Indian Start-ups in non-metropolitan areas and selected metropolitan areas-an untold story' is to throw light on the reasons of success and failure of Start-ups in non-metropolitan and selected metropolitan areas. The report also indicates the thrust area of Start...

Read More
Posted Under: Finance |

Understanding the concept of Start-up Valuation

With the world becoming tech savvy a lot of ideas have popped up into the human mind giving birth to a new word in the business sector 'Start-up'.  Start-up is basically a new company on the very beginning stage of its operations and are often initially financed by the entrepreneurs behind the idea....

Read More
Posted Under: Finance |

Startup India Seed Fund Scheme

Release ID: 1695466 (05//0/2/20)

Ministry of Commerce & Industry Startup India Seed Fund Scheme Posted On: 05 FEB 2021 3:07PM by PIB Delhi Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to [&hellip...

Read More
Posted Under: Finance |

Budget 2021-22 will boost Start-ups in country

Release ID: 1695474 (05//0/2/20)

Budget 2021 incentivizes the incorporation of One Person Companies (OPCs) by amending the Companies (Incorporation) Rules to allow OPCs to grow without any restrictions on paid up capital and turnover, allowing their conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC ...

Read More
Posted Under: Finance |

Date of incorporation extension for start up for section 80-IAC exemption

Proposed Extension of date of incorporation for eligible start up for exemption and for investment in eligible start-up under Finance Bill 2021 The existing provisions of the section 80-IAC of the Act, inter alia, provides for a deduction of an amount equal to hundred percent of the profits and gains derived from an eligible business [&he...

Read More
Posted Under: Finance |

Fast track mergers extended to Starts ups & other small companies

Notification No. G.S.R. 93(E) (01/02/2021)

(1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette....

Read More

Startup India Seed Fund Scheme (SISFS) – Eligibility Criteria

Notification No. S.O. 414 (E). (21/01/2021)

Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. SISFS shall provide financial assistance to startups via corpus of Rs. 945 Crore that will be disbursed through select...

Read More

Nomination of members to National Startup Advisory Council

The Central Government has now decided to nominate the non-official members on the National Startup Advisory Council representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of representing interest of investors into startups, persons capable of repre...

Read More
Posted Under: Finance |

Startup India Scheme – Registration & Benefits

A startup is a young entity founded by one or more entrepreneurs to offer a unique product or service. The entity either develops a new product/service or offers the current product/service in a different manner....

Read More
Posted Under: Finance |

How to claim Section 80IAC Exemption under Income Tax Act, 1961

Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovat...

Read More
Posted Under: Finance |

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